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Fitbit in Pakistan
ONLINE PRESENCE REPORT
Table of Contents
Introduction...........................................................................................................................2
SOSTAC Analysis..................................................................................................................2
1. Situation (Where we are now?)....................................................................................2
1.1. SWOT Analysis:.......................................................................................................2
1.1.1. Strengths:.......................................................................................................................2
1.1.2. Weaknesses:..................................................................................................................3
1.1.3. Opportunities:................................................................................................................3
1.1.4. Threats:..........................................................................................................................3
1.2. Key Performance Indicator:.....................................................................................4
2. Objectives (Where do we want to be?).........................................................................4
3. Strategy (How do we get there?)..................................................................................4
3.1. Segments:......................................................................................................................4
3.2. Target Market:...............................................................................................................5
3.3. Positioning:....................................................................................................................5
4. Tactics (How exactly do we get there?)........................................................................6
4.1. 8P’s................................................................................................................................6
5. Action (What is our plan?).........................................................................................10
5.1. Project Planning..........................................................................................................10
5.2. Risk Involved..............................................................................................................12
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Introduction
SOSTAC Analysis
Fitbit is the leader in wearable technology, followed by Apple, Xiaomi, Garmin, and
Samsung. Fitbit, Xiaomi and Apple make up 37% of all sales. Apple in a third place. So what kind
of customers use wearable technology these days? With health and fitness being a growing
trend, Fitbit wants to target those individuals who are inactive and need motivation, those
wanting to get in shape, as well as athletic individuals who are looking to track their data.
Below is a brief analysis of FitBit’s strengths, weaknesses, opportunities, and threats.
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User Friendly.
Leader in health and wellness technologies.
Fitbit has high financial power (Fortune, 2015).
Provide variety of products at different prices depending on customers’ needs.
1.1.2. Weaknesses:
People need motivation to wear the device regularly.
Lack of advertisements outside of Social Media.
Online Presence of Fitbit is low in comparison to other products.
Limited features (no waterproof).
Lack of brand awareness.
Limited personalizing options.
1.1.3. Opportunities:
New market for schools, hospitals, health insurance agencies and younger
individuals.
More options for customization and innovations.
Increased demand for a healthy lifestyle.
Fitbit can enter Pakistan market which can show an interest in fitness and health.
Sponsoring the Pakistan national teams will ensure brand recognition of Fitbit
enter the Pakistan market.
Provide more guidance, coaching and recommendation to users.
Sharing events and accomplishments on Social Media.
1.1.4. Threats:
Existing competitors coming out with similar products and promotions.
High global competition with many Chinese products.
Introduction of Smart Watches.
Privacy issue emerging from the set of fitness data collected from users.
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1.2. Key Performance Indicator:
Sales in Pakistan
Social Media Interaction
Website Visit
Brand Index
Searches on Search Engines
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o create brand awareness
among 20% of the target
market by the
end of 2017
o create brand awareness
among 20% of the target
market by the
end of 2017
o create brand awareness
among 20% of the target
market by the
end of 2017
To Increase Brand Awareness among 45% of the target market by the end of 2018
To Increase sales by 20% by end of June of 2019
To Increase sales in sports recreational centers by 25% by the end of June 2019
To Achieve a 15% market share in the market by the end of 2018
To Increase website visits from within Pakistan by 70% by the end of 2018
To Increase Searches related to Fitbit from within Pakistan on search Engines like google by 30%
by the end of 2018
To Increase brand index by 50 points by the end of 2018
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To Increase Social Media Activity related to Fitbit from within Pakistan by 10% by the end of
2018.
3.1. Segments:
Fitness enthusiast in
Segment Base Generation X Generation Y
Generation X and Y
Geographic Around Pakistan Around Pakistan Karachi
• Age 35 to 50 • Age 18 to 35 • Age 18 to 50
Demographic • Income Upper/Middle Class • Income Middle/Lower Class • Income Upper/Middle Class
• Gender Male & Female • Gender Male & Female • Gender Male & Female
• Activities Leisure, fitness & • Activities Leisure & Leisure
• Activities Leisure & Work
Psychographic Work • Personality – Open Minded /
• Personality –Open Minded
• Personality -Conservative Conservative
Behavioral • Brand Loyalty- High • Brand Loyalty- Low/Medium • Brand Loyalty- High/Medium
FitBit and Xiaomi are currently tied with the largest share of the fitness band market at
13.7% followed by Apple (10.3%), Huawei (6.0%), Garmin (4.9%) and others (51.4%) (IDC
Worldwide Quarterly Wearable Device Tracker, November 30, 2017)
In Pakistan, we would choose to target Fitness Enthusiast between ages of 18-50 within
the Higher and middle-income class since the most profitable segments to target are fitness
Enthusiast as well as those who want to manage weight and adopt a healthier lifestyle. This
would fall into one concentrated market. Therefore, the targeting strategy of concentrated
targeting will ensure the market is targeted effectively.
3.3. Positioning:
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gives FitBit an upper hand over its competitors as it benefits a consumer gain from using
variable fitness related products is clearly shown. Therefore, following positioning statement is
proposed to be used in Pakistan Market
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4. Tactics (How exactly do we get there?)
4.1. 8P’s
Product:
Fitbit is a company that specializes in monitors that help individuals to track their
physical activity throughout the day. The products that are offered by Fitbit vary in
price and ability, some of which are worn on the belt and some are worn on the
wrist. On the low end of the spectrum is the Zip, which clips onto one’s belt and
primarily monitors steps taken throughout the day. On the high end of the spectrum
is a product called the Surge. The Surge is worn on one’s wrist and not only monitors
steps taken but GPS location and pulse rate. Additionally, the Surge connects to
one’s smartphone and allows them to control music and see notifications from the
Fitbit.
Currently there are 4 different categories for FitBit product.
Trackers (Zip 2, Alta, Flex 2, Charge 2)
Smart Watch (Ionic, Versa)
Fitness Scale (Aria 2)
Fitness Coach (Personal training app)
Fitbit accessories focusing on alternative bands for the small tracker that you insert
into the bands.
Price:
FitBit is not design for everybody, it is design for the value conscious customers that
have disposable income. She/he is willing to pay for products that have received
good reviews on improving health habits.
To buy a FitBit on their website the price ranges from $59.95 to $329.95, this is to
buy a ready to use FitBit, they also have many accessories available ranging from
prices $4.95 to $295. Meaning their most expensive product is actually an accessory,
which is shown on the picture. The more features the FitBit band has the more
expensive it becomes, although they also increase price on the more ‘stylish’
products.
FitBit use 2 types of revenue models.
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Place:
Fitbit promotes and sells its products online at www.fitbit.com. Fitbit products are
also sold online at shopping websites such as Daraz. FitBit can be found in many
department stores, including Hyperstar, Naheed store as well as sporting good and
outdoor stores including health institutes and gyms.
FitBit products are also sold on many different social media stores (Facebook pages,
Instagram pages).
Promotion:
Following methods will be used to promote FitBit in Pakistan.
Television Advertisement:
Small clips featuring the products being used by professional Sports man
such as Pakistan cricket team’s captain “Sarfaraz” and retired famous sports
man such as “Wasim Akram”, “Shahid Afridi”.
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Blogs:
The Fitbit blog is another form of online consumer engagement. The Fitbit
blog features different resources to help users say active, eat healthy, be
inspired, and stay in the know with Fitbit news. The blog serves as a strategic
communication form for building brand awareness and positive branding
image.
FitBit will also contact famous vloggers such as “Zaid Ali”, “Ducky Bhai”,
“Junaid Akram” etc. to promote their products in their videos.
Live Events:
Events will be held throughout the country in different educational Institutes
to provide awareness about the product and the benefits of being fit to the
younger audience while providing them discounted prices.
A Country wide Event will be conducted to rank the fittest cities of Pakistan.
This event will require around 100 contestants from each city to wear FitBit
trackers that they own or lent from the organizers for the event to walk a
total of 300,000,000 steps. The Cities which complete the required tasks will
be ranked among fittest cities of Pakistan. Lent trackers can be purchased by
the contestants at discount prices.
Sponsorship:
To Increase awareness of the products. Fitbit will sponsor different events
that happen throughout the city.
Marathons, Tournaments and other sports events including e-sports events.
can be sponsored to provide live stats about the players to the audience of
those events.
People:
Fitness enthusiast and Health Conscious:
We will target Fitness Enthusiast and Health Conscious people as they are most
likely to buy our product to track their daily fitness routine.
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Generation X:
We will Target Generation X with our high end products as they have more
disposable income. They are also more brand loyal so they will be given the best
that FitBit has to offer
Generation Y:
We will Target Generation Y with our middle and Low-end products due to their
limited budget and low disposable income. Events will be held in colleges and
Universities to offer discounted prices for these targets.
Physical Evidence:
As Fitbit does not possess their own retail outlets, the company invests in
branding stores which sell Fitbit products.
FitBit offers users with the option to try their watches and trackers which are
being sold by different branding stores.
During event sponsorships Fitbit invests heavily to brand the product.
Process:
Partnership:
Daraz – Daraz is one of the most used E-Commerce site in Pakistan and traffic of
user is increasing day by day so they have a good customer base to sell FitBit
Products to.
Yayvo.com (TCS) – Yayvo is one of the TCS service that works same as Daraz thus it is
another platform to sell FitBit Products on because TCS is a well renowned brand
that has a lot of customers.
Home Shopping – Home shopping is also another E-Commerce website that could
help to get E-Customers to buy FitBit Products
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FitBit can establish Partnerships with different Gyms and Health Institutes to offer
their products at a discount price to their Customers.
FitBit can Partner with Online Technology, Health and Sports Content Creators to
promote their Products in the different content they create.
The Above Plan is going to be carried out by the team of professionals listed below within the
provided timeline
Work Distribution:
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TimeLine:
Events Month/Year
9/1 12/1 4/1
6/18 7/18 8/18 10/18 11/18 1/19 2/19 3/19 5/19 6/19
8 8 9
Create Television Ad’s
Create Print Media Ad’s
Create Social Media
page for Pakistan
Establish Partnership
with Daraz and other E-
Commerce sites and
Content Creators
Contact blogger and
vloggers to review and
promote product
Air Television Ad’s
Distribute Print Media
Ad’s
Host contests and
competitions on social
media
Sell Products on
Partner’s sites
Partner with Health
Institutes and Gyms
Sell Products on
Partnered Health
Institute’s and Gyms
Promote Product on
different Social Media
Platforms using different
created Content
Host Events in
Educational Institutes
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5.2. Risk Involved
6. Plan A
Continue Upgrades on Product to guarantee customer Satisfaction. As technology
advances, FitBit products can continue to add features such as making it waterproof
or enabling it to monitor water intake.
7. Plan B
If the Market Becomes Saturated with Activity Trackers, Upgrade the product so it is
no longer relying on 3rd party applications like smart phones.
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